Article By RoboForex.com
On Friday, the BTC is consolidating at $21,006.
Yesterday’s trading session was the most successful for the BTC lately. The major cryptocurrency added 5.6% following the US indices and securities growth. There is a correlation between S&P 500/NASDAQ and the BTC, which is quite clearly seen right now.
From the technical point of view, the focus is now switching to $21,900. If bulls break this level and fix above it, the next target will be at $22,900. In theory, after attacking $22,000, the asset may head towards $24,000. The closest meaningful support is at $19,700.
So, the key factor for making any decisions related to the crypto market is the dynamics of American indices. It is noteworthy that the fundamental background hasn’t offered any clear signals for a long time. Any significant BTC-related news is about a year away, the ETH is still struggling with the Ethereum 2.0 network, meme coins are no longer as popular as they were and there is nothing really topical to replace them.
Top 10: SOL and BNB are in demand
In the last 24 hours, the Top 10 coins have demonstrated inspiring results. The best of them are SOL (+7.71%) and BNB (+6.89%). Also noteworthy is ETH (+5.69%). DOGE (+2.33%) and ADA (+3.96%) were a bit weaker.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
A bridge between BTC and Avalanche
Ava Labs launched a cross-chain bridge to connect BTC and Avalanche. Users of the networks now can transfer cryptos without any third parties. The bridge is based on Intel SGX, a new feature that supports cross-chain transactions.
Binance: partnership with Ronaldo
A Portuguese footballing legend Cristiano Ronaldo and Binance announced an exclusive, multi-year NFT partnership. It is assumed that through cooperation with Ronaldo the company will be able to more effectively introduce the Web3 ecosystem to users and attract attention to NFT campaigns.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- COT Bonds Charts: Speculator Weekly Changes led by 5-Year & 10-Year Bonds Apr 28, 2024
- COT Stock Market Charts: Speculator Bets led by VIX & Russell-Mini Apr 28, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Apr 28, 2024
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
- This “Bullish Buzz” Reaches Highest Level in 53 Years Apr 26, 2024
- FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil Apr 25, 2024
- Target Thursdays: NAS100, Robusta Coffee, USDCHF Apr 25, 2024
- QCOM wants to create competition in the AI chip market. Hong Kong index hits five-month high Apr 25, 2024
- Japanese yen hits all-time low as BoJ meeting commences Apr 25, 2024